Multiple Choice
Phil has a defined-benefit plan that pays him a pension of two percent of his average best three years' earnings.His earnings are as follows: 2008,$58000 ; 2009,$62000 ; 2010,$65000 ; 2011,$66000 ; 2012,$62000 ; 2013,$72000 ; 2014,$75 000.What will be his annual pension benefit if he was with Plastis Co.for 22 years?
A) $16 224
B) $28 789
C) $31 240
D) $30 360
Correct Answer:
Verified
Correct Answer:
Verified
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